logo
China back on sovereign wealth fund radar for tech investments

China back on sovereign wealth fund radar for tech investments

Nikkei Asia18-07-2025
China's economic transition model is a focus for many investors, Invesco says. © Reuters
FUMITO AKIYAMA
TOKYO -- Sovereign wealth funds around the world taking another look at China, with 59% calling it a priority emerging-market region, according to a report by U.S. asset manager Invesco.
The 2025 Invesco Global Sovereign Asset Management Study notes "a clear resurgence of interest in China," with 28% of funds citing it as a "high priority" region and 31% as a moderate priority. The combined figure marks a 15-percentage-point increase from 2024, when it was 44%.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Critics question Russia's ability to build Kazakh nuclear power plant
Critics question Russia's ability to build Kazakh nuclear power plant

Nikkei Asia

time9 hours ago

  • Nikkei Asia

Critics question Russia's ability to build Kazakh nuclear power plant

Energy Worries swirl over Rosatom selection, as China's CNNC recruited for 2nd project Kazakhstan estimates it will face a shortage of 6 gigawatts of energy by 2030. © Reuters PAUL BARTLETT and NAUBET BISENOV ALMATY, Kazakhstan -- Kazakhstan's recent selection of Rosatom as consortium leader to build the country's first nuclear plant is raising worries about the ability of the Russian state-owned nuclear power agency to finance and complete the project. Kazakhstan's atomic energy agency said last month that Rosatom had a "slight advantage" over state-owned China National Nuclear Corp. (CNNC) and so was chosen to lead an unspecified group to build a two-reactor plant in Ulken, a village about 400 kilometers northwest of the commercial hub of Almaty.

China's Premier Li proposes global AI cooperation organization
China's Premier Li proposes global AI cooperation organization

Nikkei Asia

time13 hours ago

  • Nikkei Asia

China's Premier Li proposes global AI cooperation organization

Chinese Premier Li Qiang speaks during the opening ceremony of World Artificial Intelligence Conference in Shanghai on July 26. © Reuters SHANGHAI (Reuters) -- Chinese Premier Li Qiang on Saturday proposed establishing an organization to foster global cooperation on artificial intelligence, calling on countries to coordinate on the development and security of the fast-evolving technology. Speaking at the opening of the annual World Artificial Intelligence Conference (WAIC) in Shanghai, Li called AI a new engine for growth, but adding that governance is fragmented and emphasizing the need for more coordination between countries to form a globally recognized framework for AI.

Economists Doubt Trump Outlook That US Will Sell ‘So Much' Beef to Australia
Economists Doubt Trump Outlook That US Will Sell ‘So Much' Beef to Australia

Yomiuri Shimbun

time15 hours ago

  • Yomiuri Shimbun

Economists Doubt Trump Outlook That US Will Sell ‘So Much' Beef to Australia

WASHINGTON/CANBERRA/CHICAGO, July 25 (Reuters) – President Donald Trump said the sell 'so much' beef to Australia after Canberra relaxed import restrictions on Thursday, but economists and traders said high prices and tight supplies make major American exports unlikely. Australia said it would loosen biosecurity rules for U.S. beef. The move will not significantly increase U.S. shipments, though, because Australia is a major beef producer and exporter whose prices are much lower, analysts said. U.S. companies export small quantities of beef to Australian buyers. They import much more in the form of lean beef used to make hamburgers, particularly as U.S. production has declined because of tight cattle supplies. U.S. beef prices set records this year after ranchers slashed their herds due to drought that burned up pasturelands used for grazing. The total herd size fell to 94.2 million head as of July 1, a record low for that date, according to U.S. Department of Agriculture data on Friday. A ban on cattle imports from Mexico because of New World screwworm, a devastating livestock pest, and steep tariffs on Brazilian beef that are set to take effect on Aug. 1 could further tighten meat supplies, and require additional imports of Australian beef. 'We can't get enough beef in the U.S. right now, so we're bringing it in from Australia and Brazil,' said Dan Norcini, an independent U.S. livestock trader. 'We're not going to be selling anything significant to anyone.' Last year, Australia shipped almost 400,000 metric tons of beef worth $2.9 billion to the United States, with just 269 tons of U.S. product moving the other way. 'They have more cattle than people,' said David Anderson, an agricultural economist at Texas A&M University. 'That's why they export so much.' DIFFERENT TASTE U.S. and Australian beef also taste different. Many Australians like the grass-fed beef raised there, not marbled beef from U.S.-raised cattle that are generally fed with grain, said Jerry Klassen, chief analyst for Resilient Capital in Winnipeg. He predicted the United States will not export substantial amounts of beef to Australia in the next five years. 'We just aren't in a position to export much beef to anyone, and the reality is Australia doesn't really have much need for U.S. beef,' said Karl Setzer, partner at Consus Ag. The barriers that remain to exporting significant volumes of U.S. beef to Australia appeared to be lost on Trump this week. 'We are going to sell so much to Australia because this is undeniable and irrefutable Proof that U.S. Beef is the Safest and Best in the entire World,' Trump said in a post on Truth Social. 'The other Countries that refuse our magnificent Beef are ON NOTICE.' Trump has attempted to renegotiate trade deals with numerous countries he says have taken advantage of the United States, a characterisation many economists dispute. 'For decades, Australia imposed unjustified barriers on U.S. beef,' U.S. Trade Representative Jamieson Greer said in a statement, calling Australia's decision a 'major milestone in lowering trade barriers and securing market access for U.S. farmers and ranchers.' Australian officials say the relaxation of restrictions was not part of any trade negotiations but the result of a years-long assessment of U.S. biosecurity practices. Canberra has restricted U.S. beef imports since 2003 due to concerns about bovine spongiform encephalopathy (BSE), or mad cow disease. Since 2019, it has allowed in meat from animals born, raised and slaughtered in the U.S. but few suppliers were able to prove that their cattle had not been in Canada and Mexico. The U.S. sources some of its feeder cattle from the two neighboring countries. On Wednesday, Australia's agriculture ministry said U.S. cattle traceability and control systems had improved enough that Australia could accept beef from cattle born in Canada or Mexico and slaughtered in the United States. The decision has caused some concern in Australia, where biosecurity is seen as essential to prevent diseases and pests from ravaging the farm sector. 'We need to know if (the government) is sacrificing our high biosecurity standards just so Prime Minister Anthony Albanese can obtain a meeting with U.S. President Donald Trump,' shadow agriculture minister David Littleproud said in a statement. Australia faces a 10% across-the-board U.S. tariff, as well 50% tariffs on steel and aluminum. Trump has also threatened to impose a 200% tariff on pharmaceuticals. Asked whether the change would help achieve a trade deal, Australian Trade Minister Don Farrell said: 'I'm not too sure.' 'We haven't done this in order to entice the Americans into a trade agreement,' he said. 'We think that they should do that anyway.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store